Most states will audit their insurance premium finance companies once about every three years. Though the audits will vary in scope and intensity, you may expect to have your books reviewed and at least a few accounts examined for adherence to proper procedures.
We will prepare you for the audit long before it occurs including instruction, consultation and real-time audit support. We will prepare you for the audit long before it occurs.
As you might expect, our support includes instruction and consultation regarding the day to day procedures necessary to operate your insurance premium finance company.
However we go much further and prepare you for your eventual audit by creating an excellent audit trail for everything you do. We will advise you which reports the auditors expect to see and how you should best maintain your records.
During the audit we will be available to speak to the auditor and or members of your staff to be sure any questions that might arise our responded to immediately.